banking

11 data breaches that stung US consumers

Citibank

Year: 2011

Affected: 360,000 credit card holders

Cost: $19.4 million (Ponemon Institute estimate)

What happened: Citibank agreed to pay $55,000 to settle with Connecticut after the state's attorney general's office alleged that the company had a "known technical vulnerability" in its online banking system.

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David McMillin

Consumers still use bank branches

Worried that technology is going to replace your local bank branch? Fear not. A new survey from the American Bankers Association reveals that physical branches remain the second most popular method for banking customers to manage their accounts. In fact, this year's survey shows that more people prefer going to bank branches than they did in 2013  ... Read more

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